What’s Keeping Middle Class Salaries Low?

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CNBC

CNBC

Күн бұрын

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@VanjeAv
@VanjeAv Ай бұрын
We literally saw companies make record profits and make record layoffs at the same time. These past 2 yeas have been insane.
@ValenciaRose.
@ValenciaRose. Ай бұрын
People keep saying corporate greed but leaving out the FACT that a major part of corporate greed is firing citizens and hiring non citizens so they can pay the non citizens less and keep more money for themselves. This is in ALL industries and Black employees are usually the first fired due to racism, hence Trump mentioning Black jobs. Black Americans are targeted first, when the layoffs/firing spreads to White Americans in large numbers, you know the USA is in trouble.
@GuliversTravelocity
@GuliversTravelocity Ай бұрын
We are literally still living under the policies of the former president and they want him back. It's been HORRIBLE! Its BS trickle down economics that has never trickled down to the working class.
@PuppetHouse2716
@PuppetHouse2716 Ай бұрын
Proving the “trickle down economy is BS”
@mattg5978
@mattg5978 Ай бұрын
The term 'record profit' is very misleading. Of course the stock market is at an "all time high" as well, but that doesn't mean you can liquidate your shares and buy a house X number the size from 10 years ago.
@GonzoTehGreat
@GonzoTehGreat Ай бұрын
​​@@mattg5978Actually, it's your comment that's misleading. Profits are not share prices. Also, the current "bull" stock market is due to a handful of companies, while most aren't seeing their shares increase.
@etx007blue2
@etx007blue2 Ай бұрын
2 things politicians say they care but don't - Middle Class Workers - Small Business
@ghostfinder3673
@ghostfinder3673 Ай бұрын
Actually they care but they need put self preservation first that's why they just go with the flow.
@donaldlyons17
@donaldlyons17 Ай бұрын
@@ghostfinder3673 Yeah they can't take care of those who don't directly take care of them... But I think anyone who has ever worked a job of almost any type likely knows some version of that.
@darrylloo4080
@darrylloo4080 Ай бұрын
Also inflation
@davidsamuelson2089
@davidsamuelson2089 Ай бұрын
Medical care & bankruptcy from it if you get sick
@thepainphantom
@thepainphantom Ай бұрын
It's always the 1% that got tons of privileges. In democratic countries you call them millionaires and billionaires (also the lobbyists), in less or non-democratic you call them oligarchies.
@-.TS.-
@-.TS.- Ай бұрын
The term “Middle-Class” makes me chuckle. It’s just “Them” and “Us”, no in between. Feeling part of the middle class and putting yourself above people who make less money is creating the false sense that we are being adequately compensated.
@PYTU
@PYTU Ай бұрын
Facts
@Duran762
@Duran762 Ай бұрын
This should be the first ranked comment
@jeffrosati2570
@jeffrosati2570 Ай бұрын
Yeah, people making $12/hour think they're middle class. Middle class income generally starts at about $80K now according to the experts I've listened over the past 3 years.
@DoodleThis
@DoodleThis Ай бұрын
This comment should be pinned
@j887276
@j887276 Ай бұрын
I hate the term "middle class" it bundles Walmart workers making 45k a year with dentists making 150k a year 😩
@GeorgeSchneider8889
@GeorgeSchneider8889 Ай бұрын
CEO to worker income ratio 🇺🇸: 1965 : 20.4 1975 : 26.6 1985 : 50.5 1995 : 118.8 2005 : 318.4 2015 : 318.8 2021 : 389
@GeorgeSchneider8889
@GeorgeSchneider8889 Ай бұрын
S&P 500 Stock Buybacks Year In billions Yearly change 2010 $319 16% 2011 $467 46% 2012 $413 -12% 2013 $496 20% 2014 $565 14% 2015 $592 5% 2016 $553 -7% 2017 $540 -2% 2018 $840 55% 2019 $749 -11% 2020 $538 -28% 2021 $919 71% 2022 $950 3% 2023 $815 -14% 2024e $924 13% 2025e $1,075 16%
@thejquinn
@thejquinn Ай бұрын
Time to bring back a 90% corporate tax rate
@Korloko
@Korloko Ай бұрын
👴🏻I vote to make it 1000:1 because that will be me one day
@CandiceMMartinez
@CandiceMMartinez Ай бұрын
Bush and Obama had similar economic policies, despite being different parties
@leavemwet2739
@leavemwet2739 Ай бұрын
That's anti-Semitic to point out
@jackhowe6
@jackhowe6 Ай бұрын
Why middle class wages aren't growing? Because that would be money not going to the already rich.
@marcusinfinity9386
@marcusinfinity9386 Ай бұрын
Because they're taxed to help the poor voters
@jackhowe6
@jackhowe6 Ай бұрын
@marcusinfinity9386 Balls. Middle class don't get the money in the first place, because it's all vacuumed out in the boardroom stock cheats.
@ghostfinder3673
@ghostfinder3673 Ай бұрын
what about the small entrepreneurs are they rich?
@sarahsmith3016
@sarahsmith3016 Ай бұрын
Literally lol
@marcusinfinity9386
@marcusinfinity9386 Ай бұрын
@@jackhowe6 ok bot. Tell me more how you can't tell the difference between net and gross
@TWICException
@TWICException Ай бұрын
Corporate and billionaire greed. Saved everyone 14 minutes.
@trya314
@trya314 Ай бұрын
Thanks for the summary🤣You did save 14min!
@John_Smith_86
@John_Smith_86 Ай бұрын
"Sigh. My people often have discussions about what to do with your lot. People who have not attended the college classes and yet speak with mighty confidence about it. Lolz. What to do, what to do?"
@GhostOvPerdition
@GhostOvPerdition Ай бұрын
Beat me to it 👍
@krillin876
@krillin876 Ай бұрын
Immigration....
@jeffrosati2570
@jeffrosati2570 Ай бұрын
Most of the greedy corporations and billionaires are huge dem donors.
@john_doe_not_found
@john_doe_not_found Ай бұрын
Most people today who think they are "middle class", are actually "working class". Middle class = someone who can buy a home, vehicle, 1 or 2 vacations per year, on a single income, and still save a bit towards retirement every year. If that isn't you, you're Working Class. And these days, most people barely get by on 2 incomes, meaning most people are Working Class. Rich Middle Class Working Class Poor In the 1950s, America grew a large middle class. Today America has a large Working Class.
@sharpasacueball
@sharpasacueball Ай бұрын
Wealth inequality comparable to the feudal ages, way worse than South Korea which I am constantly told is a cyberpunk dystopia by social media
@GonzoTehGreat
@GonzoTehGreat Ай бұрын
Actually, your definition of Middle-class is arguably out of date, because it's based on postwar aspirational lifestyles between 1950 and 1980. If economic progress was actually benefiting the average citizen, you'd expect that quality of life would've improved further between 1980 and 2020, such that the above would be considered working class!
@observer2000
@observer2000 Ай бұрын
we have the very poor and now we have the Ultra Rich (Hospital President making 4million, which is 3% of households) and the Mega Rich getting close to the Trillions, mean while the taxes on the working class and middle class are squeezed out of the .. Trump wants more cut taxes for the Ultra and Mega Rich, while raising Tariffs and bringing qualify immigrants (ceo's, high skill labor) but getting rid completely the rest of immigration while brining factory jobs from China.. oh an AI will probably be doing quite a bit of those factoring jobs.. yeap
@TheMoeP
@TheMoeP Ай бұрын
Why wages aren't growing? Simple, because they don't want you to earn more, more money for the working class means less money going to the 1% greed. It makes you question if what you're doing is enough to live while you should be questioning why companies keep registering record profits. Anyone remembers the "Occupy Wall Street" movement? yeah, they made sure no one does
@Dumbledore6969x
@Dumbledore6969x Ай бұрын
Also, it makes our country less competitive. Lower wages allows us to compete
@modernwarrior24
@modernwarrior24 Ай бұрын
​@@Dumbledore6969x Yeah compete like slaves
@dfpolitowski2
@dfpolitowski2 Ай бұрын
@@Dumbledore6969x We can't compete with people who live 9 to a room. making 100 dollars a month. Their working with the same high tech equipment as us in the US
@Dumbledore6969x
@Dumbledore6969x Ай бұрын
@@dfpolitowski2 They’re* . And it makes it easier.
@dfpolitowski2
@dfpolitowski2 Ай бұрын
@@Dumbledore6969x Thanks
@gigilee8599
@gigilee8599 Ай бұрын
I was wondering how they were going to blame this on the workers. "You're not moving enough".
@imanigordon6803
@imanigordon6803 Ай бұрын
It’s always something that they make up
@davelavigne2133
@davelavigne2133 Ай бұрын
People aren’t moving because companies have cut relo packages and the costs to move of the average house is now 50-100k
@cjbonnewell
@cjbonnewell Ай бұрын
They literally said why people aren’t moving more: housing in better job markets is too expensive
@MoonLiteNite
@MoonLiteNite Ай бұрын
I would hope they news would report facts. The only reason you get paid is because you & the employer both think that is what you are worth. All it takes is the workers to move more, to be more valuble and their pay will go up. Rich people don't get rich by agreeing to a low pay, then doing the bare min and sit there for 30 years. They bust their ass, they take huge risks, they generally forgo having familes, a social life, spending 4 hours a day on tiktok, etc... I prefer to stay middle class, I don't mind only making 30k/yr, i work like 35 hours a week, got my hooptie, can play video games 60 hours a week. My choice to be poor. I could easily start a business, work 120 hours a week, hire employees, and make 500k/yr but i ain't time for that, i rather have fun without spending money. And thus not needing the money.
@TL-rh1lf
@TL-rh1lf Ай бұрын
Always good for society and communities to uproot yourself every 5-10 years... not really though
@lilliankerr-z7c
@lilliankerr-z7c Ай бұрын
Given the persisting global economic crisis, it's essential for individuals to focus on diversifying their income streams independent of governmental reliance. This involves exploring options such as stocks, gold, silver, and digital currencies. Despite the adversity in the economy, now is an opportune moment to contemplate these investment avenues.
@LindamartIin
@LindamartIin Ай бұрын
The pathway to substantial returns doesn't solely rely on stocks with significant movements. Instead, it revolves around effectively managing risk relative to reward. By appropriately sizing your positions and capitalizing on your advantage repeatedly, you can progressively work towards achieving your financial goals. This principle applies across various investment approaches, whether it be long-term investing or day trading.
@alex-Yolan
@alex-Yolan Ай бұрын
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
@alex-Yolan
@alex-Yolan Ай бұрын
Things are strange right now. The US dollar is becoming less valuable because of inflation, but it's getting stronger compared to other currencies and things like gold and property. People are turning to the dollar because they think it's safer. I'm worried about my retirement savings of about $420,000 losing value because of high inflation. Where else can we keep our money?
@Sebastian_Marcos
@Sebastian_Marcos Ай бұрын
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
@LeylahCollins
@LeylahCollins Ай бұрын
Recently, I have been exploring the possibility of consulting with advisors. As a mature individual, I am in need of guidance, but I am curious to know how truly impactful their services can be?
@teebone2157
@teebone2157 Ай бұрын
They are giving our wages to share holders
@Aubatron
@Aubatron Ай бұрын
The alternative is a stagnant economy like Japan where they don’t prioritize returns to the share holders and have employee welfare programs. Doesn’t always correlate to the employees doing well.
@hectorcardenas2171
@hectorcardenas2171 Ай бұрын
Well, become a share holder then!
@jasonfavrod2427
@jasonfavrod2427 Ай бұрын
@@Aubatron I don't think that's the only alternative. Executives can do other (more productive) things to sustain or raise the value of a company. Buybacks have an immediate but not a lasting effect on company valuation. Because, they don't really make a company more valuable. They're just paying people for holding their stock and providing a way for existing shareholders to exit at price higher than it would have been otherwise.
@analienfromouterspace
@analienfromouterspace Ай бұрын
*Shareholders* are CEOs, insider traders, institutional capital firms, and founders.
@thejuicerr
@thejuicerr Ай бұрын
Buy stock.
@rannyorton
@rannyorton Ай бұрын
The average person has never been so poor. Millions of families are struggling financially as living expenses hit the highest levels in more than four decades. Over 60% of our country lives paycheck to paycheck and about 40% earns poverty wages. Even after working all their lives, more than a quarter of older people have no savings and many believe they will never be able to retire in dignity, while around 55% of elderly people try to survive on an income of less than 25,000 a year.
@Patriciacraig599
@Patriciacraig599 Ай бұрын
Biden is worst thing that happened to us
@belljoe
@belljoe Ай бұрын
TRUMP 2024
@tradekings5433
@tradekings5433 Ай бұрын
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k
@Patriciacraig599
@Patriciacraig599 Ай бұрын
How can I participate in this?
@tradekings5433
@tradekings5433 Ай бұрын
Julia Hope Marble licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
@DakotaFord592
@DakotaFord592 Ай бұрын
Corporate greed.
@Northwest360
@Northwest360 Ай бұрын
The stock market, and tying our retirement to 401k has been detrimental. It makes the focus about growth at all costs. Lower wages, cut jobs. The greed is unending
@Knys
@Knys Ай бұрын
This is the real reason the world became so financialzed.. everything is an asset or a financial security... Its no getting better with how pension plans are unfunded and demographics are skewer towards pensioners or future ones in the short term.aka boomers
@Sprinklebesties
@Sprinklebesties Ай бұрын
My brother works in a bank as an accountant, the bank sent a charity check of 1 million dollars to Israel but no pay raise for employees. I assume most all companies did this .
@johnnyparatrooper1326
@johnnyparatrooper1326 Ай бұрын
Of course they did.
@salkoharper2908
@salkoharper2908 Ай бұрын
Just the banks looking out for their own small hat tribe. We all know what I mean, but I will get censored if I say the word.
@hkgamma
@hkgamma Ай бұрын
That is a one time pay, the pay raises are for ever. Plus they will get all kind of benefits for sending those money.
@austinalmanza7394
@austinalmanza7394 Ай бұрын
No mention of Amazon not paying workers enough but donating to the blacks charities like BLM?
@GonzoTehGreat
@GonzoTehGreat Ай бұрын
​​@@hkgammaIn that case: Pay some of that money as a (one off) bonus to long term (loyal) productive employees and reinvest the rest to improve training, create new jobs, and buy better equip etc.
@silkcitysocialist420
@silkcitysocialist420 Ай бұрын
middle class is a meaningless term...its literally PR with no definition or parameters...its just the owning class and working class
@chad9971
@chad9971 Ай бұрын
I think the problem is reporters use "middle class" and "middle income" interchangeably, which they are not. Like you said, "middle class" isn't a real thing (in modern times). There's only "owner class" and "working class". "Middle income" is those making a certain percentage +/- the median annual salary.
@silkcitysocialist420
@silkcitysocialist420 Ай бұрын
@michaellong2439 based on what income parameters? Cost of living is way different in Omaha, Nebraska vs. NYC... What level of capital ownership is considered "middle class" vs "higher class" (another meaningless term)? There's also a difference between rich and wealthy.
@jermainemyrn19
@jermainemyrn19 Ай бұрын
100% true. The answer is it's the capitalist doing this
@Baiyoubai
@Baiyoubai Ай бұрын
There are definitions for the middle class, though they vary. OECD defines the middle class as families that make 75% to 200% of the median family income. But I do agree definitions are one thing, perceptions are another. Also, even with the OECD definition, the range is so large that I found it not particularly useful. The current median annual family income in the US is ~$80k, so according to OECD, families that make anywhere between $60k and $160k belong to the middle class. But obviously the monetary resources available to families making $60k are very different from those making $160k.
@silkcitysocialist420
@silkcitysocialist420 Ай бұрын
@@Baiyoubai when was the federal poverty level was last updated? Is a annual income of $80K in California the same as it is in Nebraska? Nope! meaning you can barely live in Cali with $80K, but in another state that maybe a very good wage.
@pritchardmhere8624
@pritchardmhere8624 Ай бұрын
Are we pretending that increasing the number of houses while doing nothing to stop wall street from buying them all is moronic beyond belief.
@John_Smith_86
@John_Smith_86 Ай бұрын
Sigh. My people often have discussions about what to do with your lot. People who have not attended the college classes and yet speak with mighty confidence about it. Lolz. What to do, what to do?
@pritchardmhere8624
@pritchardmhere8624 Ай бұрын
@@John_Smith_86 cool talk
@hotxed
@hotxed Ай бұрын
Blackrock and many other corporations currently hold ownership of residential properties that would have otherwise been attainable by the average individual, had it not been for the unethical actions of certain politicians #housingcrisis #corruption
@heyaisdabomb
@heyaisdabomb Ай бұрын
@@John_Smith_86 I can prove to you through math that the parameter with the largest beta in the regression model of the price of a house today is corporations buying the houses.
@John_Smith_86
@John_Smith_86 Ай бұрын
@@heyaisdabomb Huh huh. And you remember the old saying about that, right? Very common saying. About this exact situation regarding your regression model.
@chickdan5
@chickdan5 Ай бұрын
There is no middle class. Only working class and ownership class. There is only one direction to point fingers at…
@jsebby2284
@jsebby2284 Ай бұрын
There is in fact a middle class
@TheyRiseBand
@TheyRiseBand Ай бұрын
It's akin to the late stage Roman Empire, where there were masses of poor and an upper class. There was a very small artisan/merchant class (middle class) wedged in the middle.
@jasonjones2810
@jasonjones2810 Ай бұрын
@@jsebby2284 Yeah, they are also owner class.......
@alexander_sinclair
@alexander_sinclair Ай бұрын
I really think the biggest issue is housing. If we bring down the price of housing by making more of it, then people don't need to make as much money to be satisfied. For example, if everyone's rent went down by $750 a month, that would fix everything.
@123goldenlily
@123goldenlily Ай бұрын
Making more, and also making sure that companies aren't buying up + hoarding the housing that does exist
@leo75757
@leo75757 Ай бұрын
Not gonna happen. You can't keep building housing it takes up too much land and they don't want u to own a home now. We're gonna be buying apartments in the future
@SpicySin
@SpicySin Ай бұрын
Maybe make it illegal for corporations to buy family homes that are supposed to be used for people to raise families in
@500sixtyfour
@500sixtyfour Ай бұрын
That would take us back to 2019 Prices
@jez5855
@jez5855 Ай бұрын
​@@123goldenlilythere are a lot more individuals that buy up housing for purpose of renting it out. Its not just the big greedy investment firms doing that.
@excusemenoexcusemeno1671
@excusemenoexcusemeno1671 Ай бұрын
Because CEOs and big corporations rather spend billions in repurchasing share buybacks instead of giving employee raises.
@firstlast9292
@firstlast9292 Ай бұрын
The profits that CEOs and big corporations makes keeps all the teachers, police, fire and government pensions afloat. It keeps all the 401Ks afloat. Where do you think all of it is invested?
@Blaze6432
@Blaze6432 Ай бұрын
@@firstlast9292 Maybe you are too stupid to understand what taxes are. EVERYBODY pays them.
@excusemenoexcusemeno1671
@excusemenoexcusemeno1671 Ай бұрын
@@firstlast9292 What? What pensions? From 2013 to 2019, Boeing spent 43 billion dollars in shares buybacks in dividends and for share holders. Instead of securing contracts for its employees, they let them strike.. That's just one company of dozens of corporations that spent trillions of dollars in buybacks. Where is the money again?
@chrxx4327
@chrxx4327 Ай бұрын
@@firstlast9292 The wealthiest 10% of of Americans own 93% of the stocks. The wealthiest 1% own 54% of that. The stock market gains are not going to the teachers, police, and fire who start out making 35k a year....
@thedopplereffect00
@thedopplereffect00 Ай бұрын
​@@chrxx4327are you forgetting the wealthier 10% pay the majority of all taxes already ?
@Anarchynow001
@Anarchynow001 Ай бұрын
It's getting expensive for employers/business owners to go on multiple vacations each year, so the employees pay for it in lost wage increases. Change my mind.
@FacePlant1324
@FacePlant1324 Ай бұрын
It is all about profit. Capitalism's goal is to pay the workers as little as they can to benefit as much as they can from their labor. They don't need to pay us less to go on multiple vacations. CEOs make tens of millions for doing very little work. Their who life is a vacation. they work maybe one day a week if that.
@Avsfan23
@Avsfan23 Ай бұрын
I'm not gonna try because I agree with your point
@akirafoxtrot2815
@akirafoxtrot2815 Ай бұрын
Yup
@directorchris2
@directorchris2 Ай бұрын
Can wwe mAke Band? Anarchist Too
@John_Smith_86
@John_Smith_86 Ай бұрын
Go attend economics classes at a local State college or a community college. Don't seek simple popularist answers that sound good to the heart.
@nominatorchris5591
@nominatorchris5591 Ай бұрын
"The dock workers are greedy for asking the executives to give up more of their pay check" While also posting that middle class is fading
@analienfromouterspace
@analienfromouterspace Ай бұрын
Yep, duality.
@moneekdilawari4508
@moneekdilawari4508 Ай бұрын
They need both types of viewers, views are everything for a media business
@maderastuff
@maderastuff Ай бұрын
They make a base pay of 81k with a ged. How is a teacher supposed to survive in a world where bum dockworkers sabotage industry technology and make almost 150k after they get the 77% raise? Delusional union clowns
@fredp3088
@fredp3088 Ай бұрын
Unions are literally the only thing standing against corporate greed.
@austinhernandez2716
@austinhernandez2716 Ай бұрын
This channel is a scam. They're owned by the ones causing the problem.
@floridaboy305boy3
@floridaboy305boy3 Ай бұрын
the slave master don't care about the slaves. once all the juice is out the 🍊 they throw it away & find more 🍊 as cheap as possible
@ThePurelutz
@ThePurelutz Ай бұрын
lol on point. tell that to naive prospective college students who find "value" in $90k/yr tuition :P
@dinkyshopYT
@dinkyshopYT 11 күн бұрын
This really downplays corp greed and how tax cuts for the rich lessen the nation’s ability to fund things like Social Security, infrastructure and jobs training, education funding, safety etc. You should have cited studies that show trickle down gop policies don’t work, they help the very rich instead.
@RonnieMyers777
@RonnieMyers777 7 күн бұрын
It trickles down alright They say its rain but it smells like asparagus
@davidsamuelson2089
@davidsamuelson2089 Ай бұрын
Lowering the corporate tax led to layoffs, higher profits & stock buybacks. Not wages for workers.
@nicolasbenson009
@nicolasbenson009 Ай бұрын
At the very least, I now grasp the concept of leverage. Creating wealth and financial freedom isn't as tough as many people believe. Building wealth and remaining financially stable indefinitely is a lot easier with the appropriate information. Participating in financial programs and products is the only true approach to make a high income and remain affluent indefinitely.
@ChristianKelv
@ChristianKelv Ай бұрын
Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life because I invested early ahead this time .
@HectorWhitney
@HectorWhitney Ай бұрын
That is why I work with Melissa Terri Swayne, who introduced me to a better Financial community, a verified agency where I learned how money works and how to create it, as well as free books, courses, and daily lectures. You also get to meet new people, which was the best decision I ever made.
@JohnSmith060
@JohnSmith060 Ай бұрын
That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this consultant?
@HectorWhitney
@HectorWhitney Ай бұрын
Yeah for real, Melissa Terri Swayne is one asset manager that gives the breakdown of everything on how things are done, joining an effective financial community can be 100% beneficial when joined properly that's all I can say out of experience..
@BellamyGriffin19
@BellamyGriffin19 Ай бұрын
That's great, your financial advisor must be really good, I have seen testimonies of people using the help of financial advisors in making them more financially stable. I just discovered her exceptional resume when I made a Googled search of her names online. I consider it a blessing that I discover this comment area!
@CatmanMEOOOOW
@CatmanMEOOOOW Ай бұрын
The higher uppers DONT CARE. They have their money and we make em more and vent about how we feel.
@raymondkidwell7135
@raymondkidwell7135 Ай бұрын
Is this not adjusted for inflation? When you adjust for inflation productivity went way up wages actually went down. Minimum wage is lower today. Skilled trades all have critical shortages of construction workers, truckers, nurses etc because they don’t pay a living wage anymore. Meanwhile CEOs and business owners make about 700% more to answer where all the money went.
@mastergoma126
@mastergoma126 Ай бұрын
Boomers still be like: "They are not working hard enough"
@hectorcardenas2171
@hectorcardenas2171 Ай бұрын
Those boomers are out of touch with current reality! And my parents are boomers.
@delbertbaronlee8923
@delbertbaronlee8923 Ай бұрын
they are not out of touch. Youngsters now a days complains a lot but works less. just look at the number of hours average US worker works? Seriously? you wonder why boomers are rich and youth aren't? Btw im not a boomer, but i side with them. Try working 60 hours a week at the very least. Ideally 72 hours a week. in 5 to 10yrs you'll be better off. Stop complaining. I am a millenial btw 36yrs old, self made millionaire
@hectorcardenas2171
@hectorcardenas2171 Ай бұрын
@@delbertbaronlee8923 That’s where you’re totally wrong. Take a look at the statistics of the economy and compare it with 30 or 40 years ago. Review the purchasing power, the inflation, house prices, gas prices, food, etc. etc.
@MobileMasterTech
@MobileMasterTech Ай бұрын
@@hectorcardenas2171boomers did not work 60 hours. Boomers could afford for 1 person to work and the other raise the family that’s a pipe dream now. Cost of living to earn ratio for boomers has leagues greater than it is now. Anyone telling you otherwise is likely a rich boomer that doesn’t want you to complain
@BDee3126
@BDee3126 Ай бұрын
​@@delbertbaronlee8923 Did you watch the video? Why do you want "youngers" to work harder if not even more harder if wages remain stagnant?
@masterchinese28
@masterchinese28 Ай бұрын
This week we were also told that the "American dream" costs $4.4 million over a lifetime.
@seanthe100
@seanthe100 Ай бұрын
That's not as crazy as you think most people make millions over a lifetime
@darriusgivans6570
@darriusgivans6570 Ай бұрын
Most actually don’t. The average American is in the 30K-40K bracket. You can work full time for 40 years and barely make 1.2 million over 40 years. That’s before taxes.
@nucle4rpenguins534
@nucle4rpenguins534 Ай бұрын
@@darriusgivans6570just to clarify that “$30k-40k” bracket identifies median American *individual* income (NOT *household* , which is closer to the $70k-80k range). It’s a good point since I’ve seen this channel throw them almost interchangeably in other videos which is super disingenuous
@xiphoid2011
@xiphoid2011 Ай бұрын
To clarify your claim. The $4.4 million is the entire household's total income working 40 years. Meaning $2.2 million per adult = $55K/year per adult. $55K/yr is exactly the median income for an adult. So a husband and wife each making the medican income, working 40 years, will indeed make $4.4 milion. So $4.4 million is actually almost the perfect example of a middle class American make in their entire career.
@xiphoid2011
@xiphoid2011 Ай бұрын
@@darriusgivans6570 That average is dragged down by working teenagers AND elderly retirees. The average American household between 25-65 years old actually make $100K/yr.
@mikebostic9518
@mikebostic9518 Ай бұрын
Its been like this since 1980. Wages and productivity for working class families have gone in opposite directions. Crony capitalism and trickle down economics.
@TheRogueX
@TheRogueX Ай бұрын
Thanks President Reagan!
@scott2228
@scott2228 Ай бұрын
I don’t struggle to make ends meet. But I’ve felt a huge crunch in my disposable income and ability to save. Only reason I’m able to make ends meet is bc I stay debt free by driving an old paid off vehicle. If I had a car note + full coverage insurance I’d be living paycheck to check.
@silkcitysocialist420
@silkcitysocialist420 Ай бұрын
@@scott2228 hope that your vehicle lasts forever
@John_Smith_86
@John_Smith_86 Ай бұрын
I mean, obviously a fancy new car is gonna cost a bit of money
@silkcitysocialist420
@silkcitysocialist420 Ай бұрын
@@John_Smith_86 all I'm saying is you could be put in that position if you're vehicle doesn't hold up.
@John_Smith_86
@John_Smith_86 Ай бұрын
@@silkcitysocialist420 My comment was in reply to the initial post, not you. You need to check the reply tags to see if the reply is to you
@Reahreic
@Reahreic Ай бұрын
^This^ we live in a small house in a shithole town where I drive 45mins one way to get to work. I'm making good money while my cost of housing is low. I just traded comforts and time for the ability to have savings to invest for a potential future...
@titolovely8237
@titolovely8237 Ай бұрын
housing prices are the #1 issue. most everything else in the economy is fairly reasonably priced. the problem is that theres no money leftover after rent is due. the #2 issue is corporate job gatekeeping. when did it become ok to require a 4 year degree, 5 years experience, 4 rounds of interview, a drug and background check, and 4 months of back and forth with recruiters/HR to get an entry level job that pays $40k/year? and then the employers scream about labor shortages?!?!?!?!?!? it's more absurd than a satirist could even dream of.
@John_Smith_86
@John_Smith_86 Ай бұрын
Deregulate housing
@MrInzombia
@MrInzombia Ай бұрын
I dont pay any housing and living with parents and all my pay is eaten up by car insurance, and bills.
@kiathadiva7
@kiathadiva7 Ай бұрын
NO GROCERIES AND GOODS ARE SKY HIGH AS WELL!!
@saiyan2525
@saiyan2525 Ай бұрын
Letting in 20 million people didn’t help. Supply and demand.
@RandomPeasant123
@RandomPeasant123 Ай бұрын
Everything in the economy is priced reasonably except labor, labor has gone down by 3% since 1975 adjusted for inflation
@Hobo_productions
@Hobo_productions Ай бұрын
We are literally pulling ourselves up by our bootstraps. We live beneath our means. We cant get good jobs so we have to invest in skills. Eventually we will be fine. By then I will be too old to have kids though.
@titolovely8237
@titolovely8237 Ай бұрын
im 35 and pretty much already there. it took me until mid 30s to get an income that does more than just allow me to survive. it'll likely take until early 40s to get an income that would support a family. by that time it's too late.
@chuckystang
@chuckystang Ай бұрын
@@titolovely8237 Lots of people trying to start life late, we'll see how that works out sadly
@titolovely8237
@titolovely8237 Ай бұрын
@@chuckystangit probably won’t work out tbh. I’ve kind of made my peace with it though that doesn’t mean I’ve given up
@orionred2489
@orionred2489 Ай бұрын
money comes in, and someone looks at that and says "that's mine" and then has to share it with the workers. That's where things have failed. The person who gets to decide on the split is not accountable to anyone.
@angelachanelhuang1651
@angelachanelhuang1651 5 күн бұрын
budget your spending and keep a savings account
@Grace.h-t8o
@Grace.h-t8o Ай бұрын
Recessions are part of the economic cycle, all you can do is make sure you're prepared and plan accordingly. I graduated into a recession (2009). My 1st job after college was aerial acrobat on cruise ships. Today I'm a VP at a global company, own 3 rental properties, invest in stocks and biz, built my own business, and have my net worth increase by $500k in the last 4 years.
@berniceburgos-
@berniceburgos- Ай бұрын
Let's face it... buying more stocks & index funds during stock market corrections and bear markets is scary. Which makes it really hard to do for most people like me. I have 260k i want to transfer into an s&p but it’s hard to bite the bullet and do it.
@Kin-28-8
@Kin-28-8 Ай бұрын
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
@Lewistonwilliams-f5i
@Lewistonwilliams-f5i Ай бұрын
I actually subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your coach?
@Kin-28-8
@Kin-28-8 Ай бұрын
Her name is. 'Stacy Lynn Staples’. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
@Theodorebarba
@Theodorebarba Ай бұрын
Interesting. I am on her site doing my due diligence. She seems proficient. I wrote her an email and scheduled a phone call.
@11GW
@11GW Ай бұрын
Not hard to figure out ceo's and management need there 3rd house while you live paycheck to paycheck
@manoftomorrow5987
@manoftomorrow5987 Ай бұрын
Right…well the solution instead of crying about it is figure out a way how to become a senior manager. But it takes a lot of time and investment into your skillset…
@youngaries8
@youngaries8 Ай бұрын
I am wealthy through climbing the ranks at a few large firms and it has been proven time and time again that trickle down does not work. Though I am not an executive, I have sat in on several executive meetings where they subtly shuffle money around to further line their pockets. Our CEO will make $15 million this year doing almost no work. This is up from $9 million in 2023. Meanwhile, almost no one in the company received a raise or bonus last year and probably this year. We are making less than we made last year because of high inflation.
@s.e.n3264
@s.e.n3264 Ай бұрын
The reason, is because the rich are thieves.
@cyonix5941
@cyonix5941 Ай бұрын
some not all
@eat.a.dick.google
@eat.a.dick.google 23 күн бұрын
@@cyonix5941 Most.
@specialK312
@specialK312 Ай бұрын
the problem is also that if you dont work for a particular wage because you feel that it is unfairly low then someone else always will. the only solution to the problem is everyone has to collectively stop showing up for work until they pay goes up. period. whatever salary you make right now, you should be making triple that amount. this is straight facts.
@kortyEdna825
@kortyEdna825 Ай бұрын
More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.
@brucemichelle5689.
@brucemichelle5689. Ай бұрын
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
@Justinmeyer1000
@Justinmeyer1000 Ай бұрын
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
@KaurKhangura
@KaurKhangura Ай бұрын
How can I reach this person?
@Justinmeyer1000
@Justinmeyer1000 Ай бұрын
‘’Aileen Gertrude Tippy’’ is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
@KaurKhangura
@KaurKhangura Ай бұрын
I checked Aileen up out of curiosity and i must say i am impressed by her Credentials. i emailed her already, waiting on her response.
@grahamjones5400
@grahamjones5400 Ай бұрын
Taxes, inflation, rigid corporate hierarchy, corporations wasting money on stock buybacks, lack of opportunities, union busting. It's not a mystery.
@11GW
@11GW Ай бұрын
fun fact before 1982 buybacks used to be illegal
@jennifertarin4707
@jennifertarin4707 Ай бұрын
​@11GW Thanks, Reagan! Once again, he is the cause of many of our problems, some 40+ years later
@directorchris2
@directorchris2 Ай бұрын
rigid corporate hierarchy = Stabilty 4 THEM . THAT S WHY THEY FOYNDED THE COMPANY
@duerf5826
@duerf5826 Ай бұрын
@@jennifertarin4707 Haha I was about to write "So it's Ronald Reagan's fault". But on a more serious note, Reagan is a prime example of how bad policies and leadership may manifest not in years, but decades down the line. The False promise of trick-down economics that led to great income disparity. Deregulation of industries including the banking and telecommunication sectors that led to weaker consumer protection and corporate accountability. Weakening of labor unions which eroded historically good paying jobs. Vilification of social safety net that perpetuated cycles of poverty. Etc. Not to mention that he inspired a new generation of leaders (on both side of the isle) who adhere to his Reaganomic policies like a bible which perpetuated and worsened the problems until the economy imploded in 2008. History will not judge Reagan kindly.
@Chilled-FiBro
@Chilled-FiBro Ай бұрын
The issues isn’t people coming into the country and taking our jobs. The issue is the US keeps HIRING outside the US. Soooo many offshore employees getting hired for cents on the dollar.
@Susan-id5xj
@Susan-id5xj Ай бұрын
Seriously my salary in 2012 was $52,000; 2015 $56,000; 2019 $51,000; 2022 $55,00. Just BS.
@ohboypeach
@ohboypeach Ай бұрын
people need to be more open about talking to co-workers about wages. I remember I tried to talk to co-workers about how much they were making and people looked at me like I was crazy. I was thinking maybe we can all team up and get a raise. But people like to keep the wage they make secret for some reason. It only benefits the boss if co workers don't discuss wages between each other.
@doujinflip
@doujinflip Ай бұрын
That's a mindset deliberately developed by the business owners. They want to keep you isolated from your peers, gaslighting any shortage of pay as a "personal problem".
@nialeemaria
@nialeemaria Ай бұрын
My husband has a master’s and ten years of experience in his field. We’re on food stamps and it’s in his employment contract that he’s not allowed to discuss his wages with anyone else…because at $40,200 it’s higher than anyone else’s.
@crush9197
@crush9197 Ай бұрын
At my factory we tell each other our wage but don’t expect to get paid the same as me or the people who have been there 20 years. We get yearly raises. I tell the new coworkers. You’ll be at our wage eventually if you stay. If they instantly got paid the same as me I’d demand higher pay because we are training them.
@Reahreic
@Reahreic Ай бұрын
@@nialeemaria Assuming you're in the USA Federal law says that's not legal! Under the National Labor Relations Act, employees have the right to communicate with their coworkers about their wages, as well as with labor organizations, worker centers, the media, and the public. If you believe that an employer is interfering with your rights as an employee under the National Labor Relations Act to discuss your wages, you can call your NLRB regional office and get assistance in filing an unfair labor practice charge. (can also e-file at the NLRB .gov site)
@blood1543
@blood1543 Ай бұрын
There is a chance that your employment contract has a point that you are not allowed to tell your wage anyone. I had such a contract and it even stated that you are liable for any damage arising from it (eg. people asking for a raise because you earn more and do the same job). This might be the reason why people looked at you like you were crazy. Although your point is valid it would only help people who are severely underpaid. The main issue is that the "lowly" worker gets back like 10% of the value he/she creates as salary.
@bonbonjovi4836
@bonbonjovi4836 Ай бұрын
History and Future of American Workers: -Only 1 parent needed to work to support a family -Then both parents needed to work to support a family -Currently, both parents have to work but one of the parents have to work 2 jobs -20 years in the future, both parents will be working 2 jobs -50 years in the future, both parents will be working 2 jobs, and teenagers will be working to support their family instead of earning spending money -100 years in the future, who knows what could happen.
@MrMcbear
@MrMcbear Ай бұрын
Need to stop using terms and classing people and start paying them what their job contributes, earns or value that it provides society or community. People saving lives shouldn't be getting paid peanuts.
@xzaviertariq5692
@xzaviertariq5692 Ай бұрын
I'm at that point where I don't understand how it's not slavery if you can't pay rent or your bills giving 40 hours a week.
@John_Smith_86
@John_Smith_86 Ай бұрын
A farmer also saves your life by providing you with food. A EMT-Basic cert isn't gonna bring you far in life, buddy. Best go for a nursing diploma, at least. If not a RN
@John_Smith_86
@John_Smith_86 Ай бұрын
@@xzaviertariq5692 Sweeping the floor doesn't exactly pay well
@BTrain-is8ch
@BTrain-is8ch Ай бұрын
@@xzaviertariq5692 Probably has something to do with the fact that words have meanings and that's not what slavery means.
@jbone9900
@jbone9900 Ай бұрын
​@@John_Smith_86 yep mire education not smart your poor.
@luisvargas2192
@luisvargas2192 Ай бұрын
Saying trump is copying Kamala on bringing a focus on manufacturing in America is CRAZY 😂😂😂
@chuckystang
@chuckystang Ай бұрын
Right! Not only that but then pointing out that Kamala has a more specific policy to help the middle class LMAO. "I was born a middle class girl" is not a specific policy LOL
@jeffrosati2570
@jeffrosati2570 Ай бұрын
It's a wonder some of those people remember to breathe.
@zofobread
@zofobread Ай бұрын
@@chuckystang Seriously. CNBC isn't even trying to pretend they're being unbiased.
@crush9197
@crush9197 Ай бұрын
I was laughing bro. More like Kamala is copying trump.
@nunyadambusiness3530
@nunyadambusiness3530 Ай бұрын
we get it, you dont pay attention
@carlosroberson6659
@carlosroberson6659 Ай бұрын
Record profits for corporations and stagnant wages for the “middle class”. It’s not rocket science. 🤷🏾‍♂️
@Kiwi-Ahh-Nah
@Kiwi-Ahh-Nah Ай бұрын
I'm sick of wealthy dictating the terms for everyone else.
@tonyprosser3010
@tonyprosser3010 Ай бұрын
I'm sorry...but Harris's economic plan?... she's the Vice President shouldn't this "economic plan" already be in effect..No thank you, we had 4 years of your administration and now we're here.
@jontorr2860
@jontorr2860 Ай бұрын
Here’s why there isn’t enough money to increase middle class workers wages: * CEOs, celebrities, athletes, etc make too much money. * THEY keep their money in their circles (high class cars, restaurants, lifestyle, etc) so that money never trickles back into normal economy. * i.e starbucks: You buy a $10 coffee. Cents go to workers and dollars go to CEOs pockets where the money stays and never comes back down to us. Same thing with athletes and musicians. WE spend thousands of dollars a year trickling into THEIR high class economy, but when was the last time you saw a celebrity at a whataburger? A McDonald’s? They NEVER spend their money on us. I’m just saying. And we’re letting them…😤
@David-fd7if
@David-fd7if Ай бұрын
3:48 yeah and you’ll waste the extra 30% in gas, car maintenance, and work clothes.
@justincheney5125
@justincheney5125 Ай бұрын
Companies are greedy. The gaps in wages as you move up the chain everywhere are ridiculous. You should make more as you get promoted, but the gaps are too big. You have people barely making it by and then others toward the top who have so much money they don't know what to do with it.
@arunbenny808
@arunbenny808 Ай бұрын
Because corporate greed and the super rich control and own both sides of the political aisles in government. This is not a left or right issue, it’s a top vs bottom. Rich vs poor, and the rich get richer while the poor get poorer.
@jensumayer
@jensumayer Ай бұрын
Explain to me the mechanism, how if my non-union employer has to pay less corporate income tax, my wages will go up. In my experience, this only leads to more dividends for shareholders and I will continue to see annual pay increases of less than 1%.
@commonsense8334
@commonsense8334 Ай бұрын
It’s almost better and easier to just be poor. Staying in the middle class is a battle. A battle you won’t win.
@marvinphillips1326
@marvinphillips1326 Ай бұрын
The government and private businesses found out they can inflate their prices to whatever they want and people will still pay (no matter how much you make in salary). Taxes, insurance, healthcare, food, rent, utilities, credit card interest rates, you name it all want a piece of you hoping you’ll pay them instead of the other necessities.
@陳偉誠-k4k
@陳偉誠-k4k Ай бұрын
It never happens. Most of the money goes into greedy corporation's pockets.
@SecretMountainTroll
@SecretMountainTroll Ай бұрын
I mean... you don't have to buy their products???
@ryanmckenna2047
@ryanmckenna2047 Ай бұрын
Middle class is becoming a polite word for lower class.
@Nunyabiznessboi
@Nunyabiznessboi Ай бұрын
This is the society people wanted. Remember the root word in capitalism is capitalize which means to take advantage. Now ask yourself who are the people always being taken advantage of…
@cutehumor
@cutehumor Ай бұрын
Good one, I’m stealing that
@thomaswilson828
@thomaswilson828 Ай бұрын
Dum monkey
@19Marksman79
@19Marksman79 Ай бұрын
Nothing is going to change, realistically. The people up top, the 1%, like it this way, and have the power to make it even worse for the 99%. The graph showed how much the gap increases. It is only going to get worse as time goes on because the 1% control it. Get ready for a Mad Max society in 20 years.
@jsebby2284
@jsebby2284 Ай бұрын
The root word is actually capital
@cz5836
@cz5836 Ай бұрын
This is stupid. Socialism pushes the idea of equity, meaning everybody gets the same share even if some are working and others are free loading. Capitalism is not the problem and your semantics are a bad talking point. The real issue is inflation greed and stagnant wages.
@RiVer-Parish
@RiVer-Parish Ай бұрын
The middle class is stuck between a rock and a hard place, sadly in this so-called "Great" country.
@jasondavis4179
@jasondavis4179 Ай бұрын
You need 14 minutes to explain that the majority of wealth created goes to exploiters at the top?
@John_Smith_86
@John_Smith_86 Ай бұрын
"Sigh. My people often have discussions about what to do with your lot. People who have not attended the college classes and yet speak with mighty confidence about it. Lolz. What to do, what to do?"
@jasondavis4179
@jasondavis4179 Ай бұрын
@@John_Smith_86 Excuse me? So you’re going to pretend that production of goods and availability of services haven’t increased, and those increases in what is produced or “wealth” doesn’t disproportionately go to the top? So you’ll deny reality and try to pretend like I’m wrong or haven’t attended college while also not disputing or even suggesting how I’m wrong? How very intellectual of you lol
@John_Smith_86
@John_Smith_86 Ай бұрын
@@jasondavis4179 Hmm. Actually... in your case, you aren't that bad after I read your post again. It is not factually false. More of a subjective outlook. I potentially withdraw my complaint in your specific case. So, why do you call it exploiters then? You think Amazon hasn't worked hard for its revenue?
@jasondavis4179
@jasondavis4179 Ай бұрын
@@John_Smith_86 first of all, it’s not subjective, it’s objective fact. Secondly, I call them exploiters because what they do fits the exact definition of exploitation. Perhaps you should look up what subjective and exploitation mean before you use the terms incorrectly or have to ask why I used the term exploiters..again lol
@John_Smith_86
@John_Smith_86 Ай бұрын
@@jasondavis4179 The word itself has a factual definition. But the tone conveyed by your comment is subjective. How can your outlook be objective fact? It is funny that you complain about the very same fault that you yourself commit in the same post. Ok, sure. You don't have to defend your position on that. No issue from me.
@pizzatech4564
@pizzatech4564 Ай бұрын
The problem is corporate greed. Plain and simple!
@AZ-ev3vp
@AZ-ev3vp Ай бұрын
Stock buy backs should be illegal
@ramochai
@ramochai Ай бұрын
It used to be illegal, classified as market manipulation. Guess who decriminalised it?
@Friday_Trouble
@Friday_Trouble Ай бұрын
⚠️I'm not voting for Kamala Harris. 😤
@ArchThaBoss
@ArchThaBoss Ай бұрын
What middle class wages aren’t growing? Well how else is the poor ceo and his shareholders supposed to stay rich?
@gpmiranda873
@gpmiranda873 Ай бұрын
Its simply greed
@livalittle13
@livalittle13 Ай бұрын
Corporate greed
@John_Smith_86
@John_Smith_86 Ай бұрын
"Sigh. My people often have discussions about what to do with your lot. People who have not attended the college classes and yet speak with mighty confidence about it. Lolz. What to do, what to do?"
@livalittle13
@livalittle13 Ай бұрын
@@John_Smith_86 👹
@John_Smith_86
@John_Smith_86 Ай бұрын
@@livalittle13 I mean, you can choose to be annoyed or self-reflect. Why not attend classes to brighten and enrich your life? Many online courses are free
@livalittle13
@livalittle13 Ай бұрын
@@John_Smith_86 👹
@t9matt2
@t9matt2 Ай бұрын
Look-the ruling class knows what they’re doing. We NEED to be poor for our society to work, guys! Those shareholder profits MUST GROW! And don’t let me catch you asking for more. Remember, the only thing separating you from a billion dollars is HARD WORK!
@ObaidKhan-xl9jl
@ObaidKhan-xl9jl Ай бұрын
No real solution. This is only going to get worse gradually over the next couple of decades.
@Beastzeus12
@Beastzeus12 Ай бұрын
I think so too. It's been the trend
@petedawg
@petedawg Ай бұрын
Answer: millionaires and billionaires taking control of markets and stores and bleeding out every cent from consumers and businesses until there’s nothing left.
@damnsurfer522
@damnsurfer522 Ай бұрын
We don't need wage increases we need prices to come down.
@DoodleThis
@DoodleThis Ай бұрын
This!! 👆
@MrInzombia
@MrInzombia Ай бұрын
we actually need both to be honest.
@hectorcardenas2171
@hectorcardenas2171 Ай бұрын
No, we need both.
@firstlast9292
@firstlast9292 Ай бұрын
Wage increases lead to prices going up. We need more products being made for cheap. But that ain't happening when it takes $20/hr to get someone to come to Home Depot and stock shelves.
@texasgermancowgirl
@texasgermancowgirl Ай бұрын
Deflationary spiral. We need increase
@CrimsonGuard1992
@CrimsonGuard1992 Ай бұрын
Which is why the port strikes are so important. It is astounding how many people are willing to defend corporate greed over supporting their fellow workers who they have more in common with than a company CEO. It is not that dock workers are paid too much, everyone else is paid too little.
@AbuNazir-p9k
@AbuNazir-p9k Ай бұрын
The modern Western world looks down on peasants. But unlike the Middle Class, historically peasants have taken up pitchforks and torches to fight back against their rulers when the suffering was too much. In contrast, the Middle Class is passive. With Middle class members of the Conservative movements even believing that sustaining a one-sided economic and political system is beneficial, hoping they might one day join the ranks of the elite and wield power over society.
@757Princess
@757Princess Ай бұрын
Same with the hill Billy term
@marcusinfinity9386
@marcusinfinity9386 Ай бұрын
Peasants weren't middle class
@jbone9900
@jbone9900 Ай бұрын
​@@marcusinfinity9386 we aren't either just were too full of pride to accept the truth.
@floydsemlow8253
@floydsemlow8253 Ай бұрын
What's keeping middle class salaries low? .....Greed!
@blipblop92
@blipblop92 Ай бұрын
Taxes too high. Stop spending taxpayers money to help other countries
@757Princess
@757Princess Ай бұрын
Housing is too expensive, especially in metropolitan areas. $2k in rent for an apartment building from the 60s
@John_Smith_86
@John_Smith_86 Ай бұрын
Foreign aid is around 2% or 3%
@LordZed-u1b
@LordZed-u1b Ай бұрын
We have been on trumps tax plan since 2018.
@dr.x4050
@dr.x4050 Ай бұрын
US taxes are actually much lower than in Europe and Canada.
@John_Smith_86
@John_Smith_86 Ай бұрын
@@dr.x4050 I think he prefers that they are lower still.
@handlealreadytaken
@handlealreadytaken Ай бұрын
The thing that is always overlooked is that we went from a single earner household to mostly two. Household sizes aren’t growing and needing twice the goods, heck they are having less kids. These stats need to look at this from a household perspective, even when calculating employment rates.
@MagdaleneM-f3q
@MagdaleneM-f3q Ай бұрын
Bring Julianne Iwersen Niemann on the show. She changed my life Financially I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Julianne Iwersen Niemann, for her expertise and exposure to different areas of the market.
@YadaniL-g8k
@YadaniL-g8k Ай бұрын
I’ve heard of her How can i reach her, if you don't mind me asking?
@KentBrono
@KentBrono Ай бұрын
⁠ her name is 'JULIANNE IWERSEN NIEMANN'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
@YadaniL-g8k
@YadaniL-g8k Ай бұрын
I appreciate this. After curiously searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get
@BaffySchenck
@BaffySchenck Ай бұрын
The thing is people often doubt the prospects of financial advisors like Julianne Iwersen Niemann in business/markets today. Well it gives me more time to get ahead while they stew in their own pity and doubts as they childishly complain about those spreading the word
@raybod1775
@raybod1775 Ай бұрын
Middle class salaries are not growing because antitrust laws are not enforced so not enough competition and Congress passes laws forcing Americans to compete against 3rd world countries, that way interlocking corporate boards can vote each others executives excessive salaries until corporations go bankrupt.
@raxjax8787
@raxjax8787 Ай бұрын
Companies and employers always want to maximize profits and make shareholders happy.
@doujinflip
@doujinflip Ай бұрын
The mandated priority of shareholders over stakeholders (i.e. customers, employees, and the public) is the root of the problem.
@dlewis8405
@dlewis8405 Ай бұрын
If you have money in a 401K you are a shareholder.
@mrrogers4591
@mrrogers4591 Ай бұрын
Debt and immigration are the answers. Too many people have too much debt. If one must have the job then one cannot risk asking for a bigger raise or quitting to put pressure on companies to pay more. There is no reason for companies to pay more when people aren't putting on the pressure. Immigrants (legal and illegal) are willing to accept the pay offered because their life is better in the US than where they came from. I don't blame the immigrants; it's just a fact. Businesses, HR, CEOS and hiring managers take advantage of these facts.
@Avsfan23
@Avsfan23 Ай бұрын
Theres a pantheon of issues with this, but the biggest is greed. Top execs are getting paid outrageous wages for what they do. Of course there's supply issues for jobs and housing. That definitely contributes, but greed would be the biggest player.
@LyricsQuest
@LyricsQuest Ай бұрын
Supply-limiting regulations and outrageous permit and inspection fees are the biggest culprit. Cities, and the counties they reside, are rigged up the yin-yang.
@Bryghtpath
@Bryghtpath Ай бұрын
Middle class pay is crawling, while living costs are racing ahead.
@jsebby2284
@jsebby2284 Ай бұрын
This isn't really true though
@GeorgeSchneider8889
@GeorgeSchneider8889 Ай бұрын
Just cap ceo to employee ratio to 60 and you will experience a significant increase in wages
@moneekdilawari4508
@moneekdilawari4508 Ай бұрын
How will a company expand then?
@GeorgeSchneider8889
@GeorgeSchneider8889 Ай бұрын
@@moneekdilawari4508 🇺🇸 economy is 68% based on consumption. Who consumes more? Middle and lower class income people. 🇺🇸 had the best years of its economic growth from 1950s to 1970s, yet that ratio was below 30🤷‍♂️
@bigbune
@bigbune 25 күн бұрын
TL:DR companies don't want to pay, corporate greed, the economy needs people to be poor, and all else you would expect.
@Agatha.wayne0
@Agatha.wayne0 Ай бұрын
Recessions are an unavoidable part of the economic cycle; all you can do is prepare for them and plan accordingly. I graduated into a slump (2009). My first job after graduating from college was as an aerial acrobat on cruise ships. Today, I work as a VP for a global corporation, own three rental properties, invest in stocks and businesses, run my own company, and have increased my net worth by $500k in the last four years.
@ChileyaMatildah
@ChileyaMatildah Ай бұрын
a delicate season now, so you can do little or nothing on your own. HenIt'sce I will suggest you get yourself a professional that can provide you with entry and exit points on the securities you focus
@JaneBlac-
@JaneBlac- Ай бұрын
I've been in touch with a financial advisor ever since I started my business. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders.
@SarachiWowa
@SarachiWowa Ай бұрын
incredible, a fantastic start to financial independence! How can I contact your FA.
@JaneBlac-
@JaneBlac- Ай бұрын
Finding financial advisors like Stacy Lynn Staples ,who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
@Lubumbemusongo
@Lubumbemusongo Ай бұрын
she actually appears to be well-read and educated. I just did a Google search for her name and found her webpage, I appreciate you sharing
@danielmikula1375
@danielmikula1375 Ай бұрын
Wages are stagnating while industries are consolidating towards oligarchic structures. Corporations have a fiduciary duty to maximize shareholder value, so the natural drift will be towards disempowering employees when and where possible to reduce labor costs and increase profits.
@shogun120
@shogun120 Ай бұрын
They conveniently forgot to mention the tax cut and job act actually gave you a high standard tax deduction (14,600 this year) double what it was originally. Also child tax credit for $1000 to $2000 per kid. This expires at the end of 2025. If you are struggling to pay your bills now, with that tax increase, you are toast. Good luck.
@aCleverFishingPun
@aCleverFishingPun Ай бұрын
I don’t want to move around constantly. That’s a goddamn nightmare to me. I just want stability
@ultrasquall22
@ultrasquall22 Ай бұрын
Dock worker's union just got themselves a 62% raise
@BTrain-is8ch
@BTrain-is8ch Ай бұрын
And you'll be the one to pay for it.
@joykennedy1368
@joykennedy1368 Ай бұрын
Over the next decade! Important fact to include.
@All.Natural.
@All.Natural. Ай бұрын
Mitch McConnell!
@guru47pi
@guru47pi Ай бұрын
Trickle down economics. We were told rising tides raised all boats for 45 years, but it's just not true. Productivity growth sets the foundation for economic gains, but negotiating leverage is how you get any profit sharing. Raise the minimum wage. Reform health insurance. Strengthen unions. Make corporations that want to sell in the US pay US taxes, and employ Americans Also cut local regulations that drive up housing costs. It doesn't do you any good to get a higher wage in unaffordable cities
@Reahreic
@Reahreic Ай бұрын
It 100% does, just some boats have 'acquired' more anchor line that the rest allowing them to keep rising while others are chained down until they flood.
@123sjal
@123sjal Ай бұрын
Missourians: vote YES on Prop 3 to protect women’s choice and women’s lives.
@Drualeaf
@Drualeaf Ай бұрын
Greedy corporations. Americans voting against their own interests.
@LyricsQuest
@LyricsQuest Ай бұрын
Americans would be a lot better of voting for "local politicians" that aren't regging real estate out of the citizens' hands. The presidential election is a distraction from the local ones who control local real estate laws.
@stryfetc1471
@stryfetc1471 Ай бұрын
Even IF wages grew, they just raise the cost of EVERYTHING else to the point that it didn't matter!😂
@urbanistgod
@urbanistgod Ай бұрын
Because we’re overpopulated. We’re competing for a limited supply of land and resources. People don’t realize that there’s a material reality not just a financial one, and that both are interconnected.
@johannesaarto1631
@johannesaarto1631 Ай бұрын
BS overpopulation will never be a problem human population will level at 10 billion and decline over the years. Especially in the West we are declining
@Sheddred_for_Yeshua
@Sheddred_for_Yeshua Ай бұрын
That's why I'm against legal immigration. The entire third world wants to come here and they have the biggest populations on the planet. We're full. Go elsewhere, world!!!
@ShimaS-0079
@ShimaS-0079 Ай бұрын
But they love having open border
@kingc.7108
@kingc.7108 Ай бұрын
BINGO!! benn saying this for a while now. im living in mid North Carolina close to the Raleigh area and all i see are apartment complexs going up left and right no houses. that tells is to many people for everyone to have their own piece of land+house.
@reo.-.9221
@reo.-.9221 Ай бұрын
There are soon to be trillionares. Overpopulation is the FARTHEST from the truth. Most people can’t even comprehend really how much a billion is. 1 million seconds is 11.6 days. 1 billion seconds is 31.7 years. So if you made 1 dollar per second, it would take most of your working life to get a billion dollars. The ultra rich’s impact is nowhere NEAR what overpopulation could overcome.
@dreamhollow
@dreamhollow Ай бұрын
"What is keeping middle class salaries low" Corporations and lobbying, next question.
@LucyVade
@LucyVade Ай бұрын
I just have to applaud your content man, well done. I remember having a consultation with a trade analyst last September, and it was incredibly insightful, at least $50k---$1M profits. Can’t stress enough how helpful experts in this field are!
@GdxcDgh
@GdxcDgh Ай бұрын
Please how do i go about it, am still a newbie on investment trading and how can I make profit?
@ChristianaEjimofor
@ChristianaEjimofor Ай бұрын
A better way is to get proper guide!!!! The most important thing is the technicality
@LucyVade
@LucyVade Ай бұрын
Adriana catherine understanding of market indicators is impressive. She knows exactly when to enter and exit trades for maximum profit. her siignals are top notch
@-ou2dc
@-ou2dc Ай бұрын
Thanks for keeping us informed. I feel for our country, low income people are now suffering to survive yet inflation and recession keep increasing daily, many families can't even enhance the good cost of living anymore. You've helped me a lot Ms Adriana catherine! Imagine I invested $2,500 and received $18,200 after 2 days days.
@JakeMatty-z5i
@JakeMatty-z5i Ай бұрын
Nice to see you talking about her, sHe is really amazing, she has amazing skills, she changed my 0.3 BT C to 1.9 BT C ......
@rickgut2004
@rickgut2004 Ай бұрын
My employer posted an article talking about their record profits last year. As employees we saw very little in pay rate changes. Greed is unchecked in U.S. corporations. Until policy changes, expect more of the same. As a way to get out from under this, I’ve started a business. The incentives point me towards using others to make myself rich. A sad state.. (pun :)
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